Bank of America raised Raytheon to neutral from underperform. Cramer said upgrading the stock the day after earnings results are released is useless research. RTN was unchanged at $70.01.

Campbell Soup has been a laggard this year while the food group has been doing well lately, Cramer said. CPB rose nearly 1% to $47.07.

Raymond James downgraded Southwest Airlines to market-perform from outperform . Cramer agreed, saying the company was the weakest in the group and that U.S. Airways and Delta Air Lines had strong reports. LUV was flat at $13.79.

Lear Corp. is up over 40% on the year. Cramer said that if you're taking profits into the strength of the auto group, you're doing well. LEA rose 2.8% to $67.80.

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